PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0063%/8h= −6.9% APRnext payment −$0.08 per $10,000 · paid last 24h −0.008%

Price spread now: Injective against Popdex−4.740%46s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Popdex Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 4.740% cheaper against Popdex than usual: you would sell low and buy high (−$474 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex PONSUSDT	0.6234	0.0096	pay 0.0012% / 1h	36m 02s	$23K	$437K	20x
Short	Injective PONS/USDC PERP	0.5938	0.0033	get 0.0004% / 1h	36m 02s	$610	$10K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Popdex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PopdexbpFee InjectivebpOrdersPrice spread, now −4.740%Rate

Funding earned: −$13.16
Price spread: −4.740% → 0.000%: −$474.01
Slippage, 4 orders: no order book: not counted
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$493.59
Costs to cover: 0.064%
Break-even: never at this rate

Slippage unknown: Popdex: live order book, 63 min ago; Injective: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Popdex live order book, 63 min ago	5.37 bp	93.4 bp −$93	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PONS on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0030%	1h	0.6221	−0.211%	$243K	—	150x	as long as short
Injective PONS/USDC PERPshort	+0.0033%	1h	0.5938	−4.740%	$610	$10K	5.5x
Popdex PONSUSDTlong	+0.0096%	1h	0.6234	long leg	$23K	$437K	20x
Nado PONS-PERP	+0.0100%	1h	0.6236	+0.029%	$73K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6210	−0.391%	$31K	$291K	5x	as long as short
Polymarket Perps PONS-USD	+0.0100%	1h	0.6227	−0.109%	$73K	$2.2M	3x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6243	+0.138%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6231	−0.040%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6232	−0.024%	$26K	$619K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6250	+0.261%	$66K	$528K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.6229	−0.080%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0240%	1h	0.6230	−0.072%	$388	—	3x	as long as short
Hyperliquid PONS	+0.0325%	1h	0.6229	−0.085%	$63.8M	$30.6M	3x	as long as short
Lighter RH PONS	+0.0376%	1h	0.6234	+0.003%	$422K	$2.7M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0398%	4h	0.6225	−0.144%	$14.3M	$61.1M	20x	as long as short
Aster PONSUSDT	+0.0442%	4h	0.6236	+0.029%	$1.1M	$2.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0474%	4h	0.6235	+0.010%	$1.6M	$4.0M	20x	as long as short
Variational Omni PONS	+0.0556%	4h	0.6213	−0.329%	$1.5M	$4.4M	—	as long as short
edgeX PONSUSDC	+0.0630%	4h	0.6218	−0.250%	$20K	$291K	10x	as long as short
MEXC PONS_USDT	+0.0634%	4h	0.6233	−0.016%	$8.0M	$4.7M	20x	as long as short
Extended PONS-USD	+0.0640%	1h	0.6230	−0.059%	$105K	$828K	5x	as long as short
Binance PONSUSDT	+0.0643%	4h	0.6227	−0.112%	$40.7M	$104.2M	20x	as long as short
Lighter PONS	+0.0672%	1h	0.6235	+0.011%	$1.7M	$868K	3x	as long as short
Bitget PONSUSDT	+0.0716%	4h	0.6232	−0.029%	$5.0M	$13.2M	20x	as long as short
Pacifica PONS	+0.0853%	1h	0.6229	−0.075%	$47K	$77K	3x	as long as short
BloFin PONS-USDT	+0.0875%	4h	0.6239	+0.080%	$1.8M	$1.1M	20x	as long as short
Gate PONS_USDT	+0.0994%	4h	0.6226	−0.128%	$5.4M	$6.3M	20x	as long as short
BingX PONS-USDT	+0.1064%	4h	0.6228	−0.096%	—	$3.2M	—	as long as short
Bybit PONSUSDT	+0.1211%	4h	0.6226	−0.128%	$18.8M	$33.1M	20x	as long as short
Phoenix PONS	+0.1714%	1h	0.6208	−0.411%	$47K	$159K	3x	as long as short